About the project owner:
The developer has a lot of experience, having developed about 4 thousand square meters (as a manager) and about 6 thousand square meters of real estate projects under the company's name. The developer developing the project previously received financing on the Profitus platform and implemented as many as 9 real estate projects. Projects were successfully completed, and investors were settled on time.
About the project:
The owner of the project is developing a development of 9 semi-detached houses, totalling 18 apartments. The flats in the duplexes have an area of 90-97 square metres, energy class A++ and are one storey. Each apartment has a 5 acre plot of land. The semi-detached houses are sold with partial or full finishing. The projected sales revenue for the entire project is approximately EUR 4 600 000 including VAT.
Project progress:
According to the data of the Centre of Registers, the highest registered completion rate is 87%. 3 apartments have already been sold. During January-February, 8 preliminary sale and purchase contracts were signed. The project owner will use the funds raised in this phase to continue the interior finishing works.
The maximum financed amount: EUR 2 500 000 (EUR 1 930 050.49 Existing active portfolio). The project is financed according to the current valuation of the mortgaged property until it reaches the set maximum LTV of 70%. Once the maximum LTV is reached, a new valuation of the property will have to be carried out, and the further stages of financing the project will be announced and collected only if the set maximum LTV is not exceeded. The loan-to-value ratio (LTV) with VAT at this stage is 64%.
Interest by investment amount:
– From EUR 100 to EUR 499 – 9.9%
– From EUR 500 to EUR 999 – 10.4%
– From EUR 1 000 to EUR 1 999 – 10.65%
– From EUR 2 000 to EUR 7 499 – 10.9%
– From EUR 7 500 to EUR 14 999 – 11.4%
– From EUR 15 000 – 11.9%
Important: investments made separately are not aggregated and cannot be pooled.
We plan to raise the amount within 7 days, with the option of extending it to 21 days if we do not raise funds.
About the Profitus
Profitus ist eine Crowdfunding- und Investitionsplattform mit einer Mindestinvestition von 100 Euro. Profitus-Investitionen sind durch Immobilienhypotheken gesichert. Ihre Investition ist durch eine erste oder zweite Hypothek auf die Immobilie sowie durch andere Sicherheiten (z. B. eine Bürgschaft oder Garantie) gesichert. Transaktionen werden über Lemonway, einen regulierten Zahlungsdienstleister, abgewickelt.
Profitus ist eine Crowdfunding- und Investitionsplattform, deren Hauptziel es ist, Investitionen für alle verfügbar zu machen. Investitionen beginnen bei 100 Euro, und die Plattform ist 24/7 geöffnet. Investitionen sind durch die Verpfändung von Immobilien und anderen Sicherheiten (z. B. Entschädigung oder Garantie) gesichert. Verschiedene Projekte haben unterschiedliche Sicherheitsinstrumente, auf die Benutzer im Selbstbedienungsmodus für jedes Projekt zugreifen können.
Profitus berät sich mit der Bank von Litauen, um eine perfekte Einhaltung des Gesetzes sicherzustellen. Profitus arbeitet mit Lemonway, einem regulierten Zahlungsdienstleister.
